Wind and solar power purchase agreement (PPA) prices in Europe have seen a 47% year-over-year increase due to the energy crisis and inflation in the region, according to a new report released by LevelTen Energy.
European P25 index, which combines the lowest 25% of solar and wind PPA offers, climbed by 16% in the second quarter of 2022 to 66.07 euros per megawatt-hour (MWh), while prices increased by 47% year on year.
